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Originally Posted by O.city
This was an option I considered. I don't know much about the HSA, but we do have a hdhc plan for myself but the kids are a bit different as the wife feels they need good coverage.
Instead of the hsa, I tend to keep quite a bit of cash in my practice llc account for emergencies. Dunno if that's wise or not.
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You should definitely look into a HSA. I'm not exactly sure how it works for an llc but at least as an employee it lowers your taxable AGI and let's you pay for healthcare items with untaxed dollars. I remember the list of things you can use it to pay for being pretty broad too, such as contact lens solution, glasses, cough syrup. It definitely wasn't just the stuff you'd use your insurance card on
It's also the best retirement vehicle offered to Americans so if you can afford your healthcare deductible then you should invest the HSA in the stock market as it is triple tax deferred unlike a 401k or IRA you never pay taxes on funds going into or coming out of a HSA as long as they're approved healthcare expenditures. Until your 65, after that you can use it for hookers and blow or a boat if you want